Crystal Lake Lawyer Dispels Common Bankruptcy Myths
Our Skilled IL Bankruptcy Attorney Can Help
If you have found yourself considering filing for bankruptcy, you may have asked friends or family for advice or looked online for information. Unfortunately, there is a significant amount of misinformation out there, especially on the internet. At The Law Office of Timothy Brown, we are dedicated to helping you seek factual information about bankruptcy so you can make informed decisions. Our Crystal Lake bankruptcy attorney can answer all of your questions and ensure you are not under any misconceptions about the process.
A few of the most common myths tied to bankruptcy include:
- You will have no credit after bankruptcy: After you have filed for bankruptcy, you can work to improve your credit standing and credit score.
- You have to have a certain amount of debt: There is no standard minimum amount you must be in debt in order to file for bankruptcy.
- You will have to give up all of your property/assets: In Chapter 7, you will only have to liquidate non-exempt assets. You will be able to keep most of your important property.
- You will have to file jointly if married: You have the option to file with your spouse or on your own as a single individual.
Seek Protection Through Bankruptcy
Filing for bankruptcy can help you experience a sense of relief only possible through bankruptcy. It can also afford you an incredible sense of protection from creditor harassment and abuse. If you are concerned about the aftermath of filing or have concerns about the process, we would be happy to help. We want to ensure that you have the opportunity to experience all of the benefits that filing for bankruptcy can provide.
We offer free consultations to give you the opportunity to discuss your situation with a Crystal Lake bankruptcy lawyer. Give us a call now at (815) 569-4110 to learn more.